GS OILTOOLS AS

“DEVELOPMENT, MANUFACTURING, SALES AND RENTAL

FOR DRILLING AND WELL-INTERVENTION.”

Geir Magne Johnsen, Operation Manager GS Oiltools AS 29.03.2014

Information

Established January 6, 2011. Full operation from April 1, 2011.

Offices & Warehouse @ Moseidveien 1, Forus West, Stavanger

American Purchasing Co, Purchasing office/company, Houston, Texas,‎ USA

Engineering office in Manila, Philippines

Building own premises @ Forusskogen, Stavanger. Completion 2014.

GS Oiltools AS has established quality system in accordance with ISO 9000.

GS Oiltools AS is registered with Achilles Joint Qualification (ID 28384).

GS Oiltools AS is subscribing to NS1 and NS2 standards

GS Oil & Gas

GS Oiltools

GS Rental Tools AS

GS Eiendom Forus AS

American Purchasing

Co, TX, USA

Machining

GS Technologies

AS

GS Oilfield Solutions Co Ltd, Manila, Philippines

The organization

Stian Krag General Manager

Kenneth Jelsa Office Manager

Jansson & Larsen AS Finance

Leif Neverdahl Business Development Manager

Christian Tungesvik Key Account Manager

Geir Magne Johnsen Operation & HSEQ Manager

Paula Xenia Andres General Manager, Manila, Philippines

John Paul E. Rivera

Product Engineer

Workshop

Terje Hogstad Mechanic

Øistein Tømte Group Marketing Director

Business Areas

Drilling and Well

Intervention

Products and

Development

Manufacturing

Rental

Sourcing

Customers

Manufacturing in Norway

Steel Mill Local

agent/rep UK

importer Boring

Heat treatment

UK Stockist

Norwegian Stockist

Machine shop

Customer

Manufacturing the ”GS way”

Steel mill TKMF Machining

UK GS

Oiltools Customer

GS Products,

Drilling

Test stand

GS Products, Well intervention

Lubricator valve (LV) objectives:

• To run long toolstrings without use of rig (limited rig up height under the rig)

• LV as drop protection function for the DHSV

• Reduce cost

Group: D&W Wells: 15/12 A-03 B, A-12 E and A-01 B

Team: Varg Field Rig: Varg A/Rowan Stavanger (Simops)

Main challenges:

• First TENAS job with LV and use of drop table

Results

• The operation was carried out without any HSE incidents

• Successfully perforated 313 m MD (tractor conveyed)

• Efficient rig-up and good working environment

Varg A 2013 – GS Smart Deployment System

and Downhole lubricator valve

Value to Talisman

• A-03 B perforation zone 225 m MD (tractor conveyed)

•Estimated Cost without LV:

•Rig activity: 9 runs/6 days = 32 MNOK

•Simops/Standalone: 35 runs/20 days = 6 MNOK/16 MNOK

•Estimated Cost with LV:

•Rig activity: 32 MNOK

•Simops/Standalone: 9 runs/9 days = 3 MNOK (simops) 8

MNOK (standalone)

• 11 days saved compared to conventional operation

• Use of LV reduces the WL mast height (operate the WL mast in higher

wind speed)

Varg A 2013 – GS Smart Deployment System

and Downhole lubricator valve

Varg A 2013 – GS Smart Deployment System

and Downhole lubricator valve

Standard NS-1 documentation

Norsok documentation

Agencies

Mohawk Energy video

2K Tools video

”GS GIVES BACK” CHARITY

Cooperation with: Jesus the Word Ministry headed by

Pastor Ross.

Main Coordinator : Ana Oliver

San Pedro, Laguna Province

Feeding Program : 60-100 children every Saturday 9am –

11am MLA time

GS OILTOOLS AS

“DEVELOPMENT, MANUFACTURING, SALES AND RENTAL

FOR DRILLING AND WELL-INTERVENTION.”

Geir Magne Johnsen, Operation Manager GS Oiltools AS 29.03.2014